In a landmark shift for the U.S. housing finance system, the Federal Housing Finance Agency has issued a directive ordering Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in single-family mortgage loan risk assessments.
對於美國的住房金融系統來說，這絕對是一個里程碑式的改變！聯邦住宅金融局發布了一項指令，要求房利美和房地美在評估獨立住宅抵押貸款的風險時，必須正式將加密貨幣納入資產考量。
The move, signed by FHFA Director William J. Pulte on Wednesday, signals a new era of crypto integration into traditional financial infrastructure — this time within the core of American home lending.
這個動作是由 FHFA 局長 William J. Pulte 在週三簽署的，代表加密貨幣要開始融入傳統金融基礎設施了，而且這次是直接進到美國房貸的核心！
The order directs both housing finance giants to develop proposals that include digital assets — without requiring borrowers to liquidate them into U.S. dollars prior to a loan closing.
這份命令要求這兩家房貸巨頭提出包含數位資產的提案，而且不需要借款人在核貸前就把這些資產換成美金。
Pulte said in a post on X that the move aligns with President Donald Trump’s vision “to make the United States the crypto capital of the world.”
普特在 X 上發文說，這一步棋符合川普總統「要讓美國成為全球加密貨幣重鎮」的願景。
Historically, cryptocurrency has been excluded from underwriting frameworks due to volatility, regulatory uncertainty, and the inability to easily verify reserves. This directive changes that.
過去，由於波動性大、法規不明朗，而且很難驗證準備金，加密貨幣一直被排除在擔保之外。但這個指令改變了這一切。
The decision comes at a time of increasing institutional embrace of crypto across banking, payments, and federal policy.
這項決定正值金融、支付和聯邦政策等領域對加密貨幣的接受度越來越高之際。
“Cryptocurrency is an emerging asset class that may offer an opportunity to build wealth outside of the stock and bond markets,” the order states, acknowledging crypto’s growing role in household financial portfolios.
這項命令指出：「加密貨幣是一種新興資產類別，可能提供股票和債券市場之外的財富累積機會。」這等於是承認加密貨幣在家庭資產組合中的重要性越來越高。
The directive restricts consideration to digital assets that are stored on U.S.-regulated, centralized exchanges and can be clearly evidenced. It also requires Fannie Mae and Freddie Mac to develop internal adjustments to account for crypto’s market volatility and ensure that any risk-weighted reserves comprised of crypto do not compromise underwriting standards.
這項指示只允許考慮那些儲存在受美國監管、中心化交易所，並且能清楚提供證據的數位資產。同時，它也要求房利美（Fannie Mae）和房地美（Freddie Mac）調整內部流程，以應對加密貨幣的市場波動，並確保任何包含加密貨幣的風險加權儲備金不會影響抵押貸款的承保標準。
Under the directive, both enterprises must submit their assessment proposals to the boards of directors for approval and then to the FHFA for final review.
根據這項指示，兩家企業都必須將他們的評估提案提交董事會批准，然後再送交聯邦住房金融局（FHFA）進行最終審查。
Fannie Mae and Freddie Mac were put under government control in September 2008 as entities that are known as government-sponsored enterprises, or GSEs.
Fannie Mae 和 Freddie Mac 在 2008 年 9 月被政府接管，它們是大家俗稱的 GSEs，也就是政府支持企業。
Watch: Mastercard stock jumps as it links Fiserv’s new stablecoin to its global payments network
快來看：Mastercard 股價飆漲，因為他們把 Fiserv 的新 stablecoin 接到自家全球支付網路啦！
